JPMorgan Chase CEO Jamie Dimon addressed the potential of tariffs at the World Economic Forum, emphasizing their role as economic weapons that can address unfair trade practices and enhance national security. While tariffs may lead to higher consumer prices, Dimon contends they are justified if they promote national security. He expressed cautious pessimism about the economy and acknowledged the criticisms surrounding tariffs but maintained that their strategic use could facilitate negotiations on sensitive economic issues. Dimon's remarks come amid a broader discourse on trade policy under the Trump administration.
"National security trumps a little bit more inflation."
"If it's a little inflationary but it's good for national security, so be it."
"They're an economic weapon, you know, depending how you use it."
"Tariffs can be a way to bring people to the table."
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